DGT Regulation No. PER – 03/PJ/2017 Concerning Procedure of Reporting and Monitoring for Additional Declared Assets in Context of Tax Amnesty

FALCON SC TAX UPDATEOCTOBER 2017 EDITIONINCOME TAX BORNE BY THE GOVERNMENTSummary of MoF Regulation No. 126/PMK.010/2017On 19 September 2017, the Ministry of Finance has issued its regulation number 126/PMK.010/2017 (PMK 126/2017 or “the Regulation”) on Government-Borne Income Tax on Interest or Yield from Government Securities Issued in International Markets and Third Party’s Income from Services…

GRANTING STATEMENT OF INCOME TAX DISPENSATION ON INCOME FROM TRANSFER OF LAND AND BUILDING RIGHTS AS RESULT OF INHERITANCE Transfer of land and/or building right as result of inheritance are exempted from income tax from such income. A statement of income tax dispensation will be given on income from transfer of land and/or building right….

​INCOME TAX ON INCOME FROM TRANSFER OF LAND AND/OR BUILDING RIGHTS AND SALE PURCHASE AGREEMENT ON LAND AND/OR BUILDING ALONG WITH ITS AMENDMENT ​Income from transfer of land and/or building rights or sale purchase agreement are payable to final income tax. Including transfer of rights are sales, swap, grants, in heritage or any other kind of…